401(k) · DOL Form 5500 · 2023
Smithfield Foods Incorporated 401(k) Plan
Data updated 2026-08-11
- $376M
- Total assets
- 16,803
- Participants
- 97th
- Percentile by assets
- $22,373
- Avg per participant
Official DOL plan name: Smithfield Foods, Inc. Hourly 401(k) Plan · Sponsored by Smithfield Foods Incorporated · Virginia · Management of Enterprises
$376M in assets, 16,803 participants
Smithfield Foods Incorporated's Smithfield Foods, Inc. Hourly 401(k) Plan reported $376M in total assets and 16,803 participants in its 2023 DOL Form 5500 filing, ranking in the 97th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 97th percentile by assets (of 127,072 plans)
- #1,007 in Management of Enterprises (1,137 peers)
Coverage in Virginia
Smithfield Foods, Inc. Hourly 401(k) Plan covers 16,803 participants in Virginia, 21x the typical Virginia plan (state average ~782 per filing). Assets: $376M.
- $376M
- total plan assets (2023 EOY)
- 16,803
- covered participants
- 97th
- percentile by assets (of 127,072 plans)
- $22,373
- avg assets per participant
Where Smithfield Foods, Inc. Hourly 401(k) Plan sits by total assets
Smithfield Foods, Inc. Hourly 401(k) Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$375,938,128 Top 3% higher than 97% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Smithfield Foods, Inc. Hourly 401(k) Plan reported net income rose from -$24M in the plan year 2022 filing to $61M in the plan year 2023 filing.
- Smithfield Foods, Inc. Hourly 401(k) Plan end-of-year assets rose from $313M in the plan year 2022 filing to $376M in the plan year 2023 filing.
- Smithfield Foods, Inc. Hourly 401(k) Plan reported participants rose from 15,980 in the plan year 2022 filing to 16,803 in the plan year 2023 filing.
Participants vs Virginia filers
In Virginia, the average filing covers about 782 participants across 3,655 plans. Smithfield Foods, Inc. Hourly 401(k) Plan reports 16,803 participants - 21x that state average ($376M EOY assets).
Virginia filing particulars
| Total Assets (Beginning of Year) | $313M |
|---|---|
| Net Assets (End of Year) | $376M |
| Net Income | $61M |
| Employer EIN | 520845861 |
| Plan Effective Date | 1989-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Smithfield Foods Incorporated)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 5 | 55,579 | $2.7B |
| 2023 | 5 | 55,064 | $3.0B |
| 2024 | 5 | 48,205 | $3.1B |
Nearby 401(k) Plans in Virginia
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Smithfield Foods, Inc. Hourly 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants
- Northrop Grumman Savings Plan $36.2B · 97,987
- 401(k) Pension Plan $15.0B · 62,467
- General Dynamics Corporation 401(k) Plan 6.0 $11.2B · 48,860
- Leidos, Inc. Retirement Plan $10.6B · 27,043
- Bae Systems Employees' Savings and Investment Plan $9.4B · 31,681
Scale composition for Smithfield Foods, Inc. Hourly 401(k) Plan
Smithfield Foods, Inc. Hourly 401(k) Plan reports $376M in end-of-year assets across 16,803 participants (0.003% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.018% of 93,925,755 covered participants) - about $22,373 per participant (16% of the national average assets-per-participant) . Net income for plan year 2023 was $61M.
This plan identity (EIN 520845861, plan #009) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $313M to $419M (+33.6%) while covered participants moved from 15,980 to 15,011 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 15,980 | $313M | Open filing |
| 2023 | 16,803 | $376M | This page |
| 2024 · index core | 15,011 | $419M | Open filing |
The same sponsor also keeps 4 other index-core plans on PlainRetire:
- Smithfield Foods Salaried Pension Plan (Defined Benefit (Pension), $1.4B, 8,183 participants)
- Smithfield Foods, Inc. Salaried 401(k) Plan (401(k), $767M, 4,682 participants)
- Smithfield Foods, Inc. Hourly 401(k) Plan (401(k), $419M, 15,011 participants)
- Smithfield Foods, Inc. Bargaining 401(k) Plan (401(k), $340M, 13,513 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Smithfield Foods, Inc. Hourly 401(k) Plan by total assets, not by location.
- American Tower Retirement Savings Plan (MA) $376M · 1,910
- Nexteer Automotive Salaried 401(k) Retirement Plan (MI) $376M · 1,629
- Lockheed Martin Corporation Operations Support Savings Plan (MD) $376M · 1,447
- Tanner Advantage 401(k) Plan (GA) $376M · 3,878
Frequently Asked Questions
How did Smithfield Foods, Inc. Hourly 401(k) Plan assets move in 2023? ▼
How have Smithfield Foods Incorporated plan assets changed over time? ▼
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Filing takeaways
Ways to act on Smithfield Foods, Inc. Hourly 401(k) Plan's numbers.
- By total assets, Smithfield Foods, Inc. Hourly 401(k) Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Virginia. Compare plans
- Smithfield Foods Incorporated's sponsor-wide assets have grown 13.0% since 2022 across 3 plan years on file. More Management of Enterprises plans